BNP Paribas Financial Markets Purchases 66,638 Shares of Gaming and Leisure Properties, Inc. $GLPI

BNP Paribas Financial Markets raised its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 20.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 389,368 shares of the real estate investment trust’s stock after purchasing an additional 66,638 shares during the period. BNP Paribas Financial Markets’ holdings in Gaming and Leisure Properties were worth $17,401,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GLPI. Barclays PLC boosted its holdings in Gaming and Leisure Properties by 1,525.0% in the 3rd quarter. Barclays PLC now owns 4,033,903 shares of the real estate investment trust’s stock valued at $188,020,000 after purchasing an additional 3,785,669 shares during the period. Norges Bank bought a new position in Gaming and Leisure Properties in the 4th quarter valued at $167,743,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Gaming and Leisure Properties by 711.8% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,369,851 shares of the real estate investment trust’s stock valued at $110,459,000 after purchasing an additional 2,077,937 shares during the period. Bank of America Corp DE boosted its holdings in Gaming and Leisure Properties by 175.7% in the 3rd quarter. Bank of America Corp DE now owns 2,364,746 shares of the real estate investment trust’s stock valued at $110,221,000 after purchasing an additional 1,507,006 shares during the period. Finally, Munich Reinsurance Co Stock Corp in Munich bought a new position in Gaming and Leisure Properties in the 3rd quarter valued at $64,448,000. 91.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Stifel Nicolaus set a $50.00 price target on shares of Gaming and Leisure Properties in a report on Friday, April 24th. Weiss Ratings raised shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 15th. Scotiabank raised their price target on shares of Gaming and Leisure Properties from $50.00 to $52.00 and gave the company a “sector perform” rating in a report on Tuesday, May 12th. Mizuho raised their price objective on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Finally, Barclays raised their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.89.

Gaming and Leisure Properties Stock Performance

Gaming and Leisure Properties stock opened at $47.17 on Friday. The firm’s fifty day moving average price is $46.76 and its 200-day moving average price is $45.92. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29. The stock has a market cap of $13.37 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 2.04 and a beta of 0.66. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $49.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. Gaming and Leisure Properties had a net margin of 55.56% and a return on equity of 18.06%. The firm had revenue of $419.99 million for the quarter, compared to analysts’ expectations of $417.15 million. During the same quarter in the previous year, the company earned $0.96 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.080-4.120 EPS. On average, equities research analysts expect that Gaming and Leisure Properties, Inc. will post 4 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend is Friday, June 12th. This is a positive change from Gaming and Leisure Properties’s previous quarterly dividend of $0.78. Gaming and Leisure Properties’s payout ratio is presently 99.05%.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.